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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 217344

Re: Discussion on CSO Partners (Citigroup)
PostPosted: Mon Jun 30, 2008 1:51 am Reply with quoteBack to top

http://hf-implode.com/imploded/fund_CSOPartners(Citigroup)_2008-02-16.html
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Justin
My head implode


Joined: 17 May 2006
Posts: 493
Location: Atlanta

Re: Discussion on CSO Partners (Citigroup)
PostPosted: Wed Nov 19, 2008 9:14 pm Reply with quoteBack to top

Looks like our implosion call has been further justified:


Quote:
Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) is liquidating its Corporate Special Opportunities hedge fund after it lost 53 percent of its value last month, the Financial Times reported on its website on Tuesday.

The CSO fund managed almost $4.2 billion at its peak and has a net asset value of about $58 million and debt of about $880 million, the report said, citing investors.

Fund investors were not allowed to withdraw their money for about a year as the hedge fund's performance worsened, the report said. Citigroup could lose "hundreds of millions of dollars," the FT reported, citing people familiar with the matter.


http://www.reuters.com/article.....YL20081119

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